2,234 Shares in Intel Co. (NASDAQ:INTC) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, Holdings Channel reports. The firm acquired 2,234 shares of the chip maker’s stock, valued at approximately $45,000.

Several other large investors also recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in shares of Intel by 25.2% in the 2nd quarter. NewEdge Advisors LLC now owns 192,683 shares of the chip maker’s stock worth $5,967,000 after purchasing an additional 38,749 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Intel by 9.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 306,368 shares of the chip maker’s stock worth $9,488,000 after buying an additional 26,663 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Intel by 180.4% during the second quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after buying an additional 2,174 shares in the last quarter. Quarry LP bought a new position in shares of Intel in the second quarter valued at approximately $81,000. Finally, Regal Investment Advisors LLC boosted its holdings in shares of Intel by 46.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 20,791 shares of the chip maker’s stock worth $644,000 after acquiring an additional 6,642 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INTC. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Robert W. Baird increased their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Citigroup dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.88.

Intel Stock Performance

Shares of Intel stock opened at $19.77 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $85.25 billion, a price-to-earnings ratio of -5.31, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. The stock’s 50-day moving average is $21.06 and its 200-day moving average is $22.65. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the company earned $0.28 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. Equities analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.